Holly Kresch is thinking of buying a home for $263,400. State Bank advertises an 80%, thirty-year simple interest amortized loan at 6 1 4 % interest, with an APR of 7.13%. Boonville Savings and Loan advertises an 80%, thirty-year simple interest amortized loan at 6 1 2 % interest with an APR of 7.27%.

(a) Find Holly's monthly payment if she borrows through State Bank.

(b) Find Holly's monthly payment if she borrows through Boonville Savings and Loan.

(c) Use the APR to approximate the fees included in the finance charge by State Bank.

(d) Use the APR to approximate the fees included in the finance charge by Boonville Savings and Loan.